Scribd
Upload
22 views4 pages

MQ1 Dissolution

Uploaded by

Samantha Nicole Valdez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
22 views4 pages

MQ1 Dissolution

Uploaded by

Samantha Nicole Valdez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

MOTORO 10 POINTS

AC CC DIFF
OLD PARTNERS 740,000 2/3 640,000 100,000
NEW PARTNER 300,000 1/3 320,000 - 20,000 Bonus
1,040,000 960,000 80,000 Revaluation
JOURNAL ENTRIES OR
To, Capital (160,000 x 1/4) 40,000 1
La, Capital 40,000 1

Cash 280,000 1
Mo, Capital (20,000 x 25%) 5,000
To, Capital (20,000 x 50%) 10,000
Ro, Capital (20,000 x 25%) 5,000
La, Capital 260,000 1

Assets 80,000 1
Mo, Capital (80,000 x 25%) 20,000
To, Capital (80,000 x 50%) 40,000
Ro, Capital (80,000 x 25%) 20,000 1

2
1 Mo, Capital 145,000
To, Capital 170,000
Ro, Capital 425,000 67%
La, Capital 300,000
Total Capital after La's admission 1,040,000 1

JACK AND JILL 10 POINTS

3 JACK, CAPITAL 522,000 1


JILL, CAPITAL 348,000 1
80% 870,000 2
Total Agreed Capital 100% 1,087,500 2
Cash or assets to be invested 20% 217,500 2
by Hill
4
JACK, CAPITAL 522,000 48% new profit (80% x .60)
JILL, CAPITAL 348,000 80% 32% and loss (80% x .40)
HILL, CAPITAL 217,500 20% 20% ratio
Total agreed capital 1,087,500 100%
2

LENY AND DIGONG 10 points


AC CC DIFF
OLD PARTNERS 56,875 65% 60,000 - 3,125
NEW PARTNER 30,625 35% 27,500 3,125 Bonus
87,500 87,500 - Revaluation

ASSETS 32,500
LENY, CAPITAL (3,125 X 80%) 2,500 1
DIGONG, CAPITAL (3,125 X 20%) 625
LIABILITY 5,000 1
BONG, CAPITAL 30,625

6
5 LENY, CAPITAL 37,500
DIGONG, CAPITAL 19,375 65%
BONG CAPITAL 30,625 35%
Total Agreed Capital 87,500 2
1
1
1
COMPUTATIONS

MO TO RO LA TOTAL
BEG CAPITAL 120,000 160,000 400,000 - 680,000 1
Purchase of interest
(160,000 x 1/4) - 40,000 40,000 - 1
Investment of La 280,000 280,000 1
Excess of La's investment
over the agreed capital 5,000 10,000 5,000 - 20,000 - 1
Revaluation 20,000 40,000 20,000 80,000 1
AGREED CAPITAL 145,000 170,000 425,000 300,000 1,040,000 1

New Profit and Loss Ratio


16.67% 2 (67% x .25)
33.33% 2 (67% x .50)
16.67% 2 (67% x .25)
33.33% 2
100.00% 2

3
3
2
2
2
2
2

New Profit and Loss Ratio


(65% x .8) 52% 3
(65% x .2) 13% 3
35% 2
100% 2

You might also like